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Global Gas Report Highlights US Production, Petronas Hits Offshore Suriname - Bakken Wire
Regulatory

Global Gas Report Highlights US Production, Petronas Hits Offshore Suriname

A global energy review and a major offshore discovery provide market context for Bakken operators.

Bakken Wire Staff·🌅Afternoon Wire·

A new global energy report confirms the United States as the world's top natural gas producer, while a national oil company announced a significant offshore discovery, according to industry news sources on Thursday.

Rigzone examined the Energy Institute's latest statistical review of world energy, which was released recently. The report details which countries produce and consume the most natural gas. The confirmation of continued U.S. leadership in gas production underscores the broader North American market in which Bakken gas and associated liquids are sold. The Bakken formation is a significant contributor to U.S. hydrocarbon output, though the report's global focus does not provide specific basin-level data.

In a separate development, Malaysia's national oil and gas company Petronas reported new discoveries offshore Suriname in South America. According to Rigzone, the company stated it has now drilled eight successful wells in the country with combined recoverable resources estimated at over one billion barrels of oil equivalent.

For Bakken stakeholders, these international developments frame the competitive and macroeconomic landscape. Sustained U.S. production dominance supports infrastructure and market development, which can benefit associated gas capture and pricing in North Dakota. However, major new resource finds like the one in Suriname represent long-term additions to global supply, which can influence future investment flows and oil price expectations.

The Bakken remains a core, mature basin where operator efficiency and regulatory conditions are primary drivers. While global reports and discoveries do not directly change local operations, they inform the broader energy environment affecting capital allocation and commodity markets tied to Williston Basin production.

Source

According to reports from Rigzone published July 2, 2026.

natural gasglobal productionexplorationsurinameenergy institutepetronas

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